Trading ideas: Kerjaya Prospek, Niche Capital, Plytec, Orgabio, Media Chinese International, AirAsia, Eco-Shop, Techna-X, Farm Fresh, RNG Tech

KUALA LUMPUR: Kerjaya Prospek Group Bhd, Niche Capital Emas Holdings Bhd, Plytec Holding Bhd, Orgabio Holdings Bhd, Media Chinese International Ltd, AirAsia Group Bhd, Eco-Shop Marketing Bhd, Techna-X Bhd, Farm Fresh Bhd and RNG Tech Bhd are among the stocks to watch today.

Kerjaya Prospek has secured an RM858mil contract for MEP fit-out works at a data centre in Iskandar Puteri, Johor, strengthening the group’s order book and earnings prospects.

Niche Capital’s joint development partner has secured an interim manufacturing licence to produce green chemicals and bio-based solvents for its rare earth extraction project in Kelantan.

Plytec is proposing to acquire 1.96 hectares of freehold land in Olak Lempit, Selangor for RM6.21mil to support its long-term expansion and future operational needs.

Orgabio is proposing to acquire a 5,263 sqm freehold property in Semenyih, Selangor for RM11.26mil to expand its warehousing capacity and improve logistics operations.

Media Chinese International is disposing of its former media office and printing facility in Vancouver for RM19.88mil following the cessation of its Canadian media operations.

Malaysia’s finance ministry has hired Alton Aviation Consultancy to assess AirAsia’s funding needs as the budget carrier seeks fresh capital amid financial pressure, although the government currently has no plans for a bailout or fundraising guarantee.

The Employees Provident Fund (EPF) has raised its stake in Eco-Shop Marketing to 5.26% after acquiring an additional 6.73 million shares, just a day after emerging as a substantial shareholder in the retailer.

Techna-X is proposing to dispose of its entire 50% stake in loss-making HK Aerospace Beidou New Energy Technology for RM45mil to streamline its operations and fund business expansion and working capital.

RNG Tech’s Thai subsidiary has secured a three-year-and-six-month agreement to exclusively operate about 1,400 to 1,600 massage chairs at selected Lotus’s stores in Thailand, expanding its presence in the key growth market.

Farm Fresh is proposing to raise up to RM200mil via a private placement to fund its regional dairy expansion, including RM92mil for Cambodia, and increase its stake in The Inside Scoop.